About Avance Pay
Avance Pay is a company based in Bern (Switzerland) founded in 2011.. Avance Pay has raised $2.1 million across 1 funding round. Avance Pay offers products and services including Cashless Payment System, Registrierkassen Systeme, Access Control System, Akkreditierungssystem, and Kundenbindungsprogramme. Avance Pay operates in a competitive market with competitors including Flutterwave, Explara, UnionPay Intl, Equiniti and Ticketsсloud, among others.
- Headquarter Bern, Switzerland
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Sectors
TechnologyFinancial Services
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Phone
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Website
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Social
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- Legal Name Avance Pay Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.1 M (USD)
in 1 rounds
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Latest Funding Round
$2.1 M (USD), Seed
Nov 08, 2013
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Investors
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Employee Count
Employee Count
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Products & Services of Avance Pay
Avance Pay offers a comprehensive portfolio of products and services, including Cashless Payment System, Registrierkassen Systeme, Access Control System, Akkreditierungssystem, and Kundenbindungsprogramme. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables offline cashless transactions for events and businesses.
Provides secure, intuitive cash register solutions for retail.
Manages entry permissions using RFID for events and venues.
Handles participant accreditation and first impressions at events.
Supports customer retention through integrated programs.
Funding Insights of Avance Pay
Avance Pay has successfully raised a total of $2.1M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.1 million completed in November 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.1M
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First Round
First Round
(08 Nov 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Seed - Avance Pay | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Avance Pay
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avance Pay
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avance Pay Comparisons
Competitors of Avance Pay
Avance Pay operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, Explara, UnionPay Intl, Equiniti and Ticketsсloud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online event discovery, ticketing, and registration services are facilitated.
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| domain | founded_year | HQ Location |
Mobile and online payment solutions are provided for banks.
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| domain | founded_year | HQ Location |
Financial technology and payment processing solutions are provided by Equiniti.
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| domain | founded_year | HQ Location |
Cloud-based ticketing solutions provider
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| domain | founded_year | HQ Location |
Offers secure payment services, tools, and integrations for businesses to handle transactions safely and efficiently.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Avance Pay
When was Avance Pay founded?
Avance Pay was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is Avance Pay located?
Avance Pay is headquartered in Bern, Switzerland. It is registered at Bern, Bern, Switzerland.
Is Avance Pay a funded company?
Avance Pay is a funded company, having raised a total of $2.1M across 1 funding round to date. The company's 1st funding round was a Seed of $2.1M, raised on Nov 08, 2013.
What does Avance Pay do?
Avance Pay AG was established in 2011 in Bern, Switzerland, within the high-tech sector. Mobile payment and mobile ticketing solutions are developed and implemented by the company. Secure, contactless payment and transaction services are delivered to principal participants in the ticketing sector. Operations focus on efficient transaction processing for various ticketing applications across Europe.
Who are the top competitors of Avance Pay?
Avance Pay's top competitors include Flutterwave, Equiniti and Explara.
What products or services does Avance Pay offer?
Avance Pay offers Cashless Payment System, Registrierkassen Systeme, Access Control System, Akkreditierungssystem, and Kundenbindungsprogramme.